William Blair Comments on American International Group Inc.’s Q2 2017 Earnings (AIG)
American International Group Inc. (NYSE:AIG) – Analysts at William Blair dropped their Q2 2017 earnings per share estimates for American International Group in a research note issued to investors on Wednesday. William Blair analyst A. Klauber now anticipates that the brokerage will post earnings of $1.39 per share for the quarter, down from their previous estimate of $1.41.
A number of other research firms also recently issued reports on AIG. Credit Suisse Group AG set a $61.00 target price on shares of American International Group and gave the stock a “hold” rating in a research report on Sunday. TheStreet upgraded shares of American International Group from a “hold” rating to a “buy” rating in a research report on Monday, October 10th. BMO Capital Markets increased their target price on shares of American International Group from $58.86 to $64.00 and gave the stock a “market perform” rating in a research report on Monday, August 22nd. FBR & Co reiterated a “hold” rating and issued a $53.00 target price on shares of American International Group in a research report on Thursday, August 4th. Finally, Zacks Investment Research downgraded shares of American International Group from a “buy” rating to a “hold” rating in a report on Thursday, October 6th. Nine research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $65.17.
American International Group (NYSE:AIG) last posted its quarterly earnings data on Wednesday, November 2nd. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.02. American International Group had a net margin of 0.66% and a return on equity of 1.82%. During the same period in the previous year, the firm earned $0.52 earnings per share.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 22nd. Shareholders of record on Thursday, December 8th will be given a $0.32 dividend. The ex-dividend date is Tuesday, December 6th. This represents a $1.28 annualized dividend and a yield of 2.00%. American International Group’s dividend payout ratio is 290.92%.
A number of hedge funds have recently bought and sold shares of the company. Jacobs Levy Equity Management Inc. bought a new stake in American International Group during the first quarter valued at about $2,196,000. Babson Capital Management LLC raised its stake in American International Group by 86.4% in the first quarter. Babson Capital Management LLC now owns 66,659 shares of the insurance provider’s stock valued at $3,603,000 after buying an additional 30,900 shares in the last quarter. Mountain Lake Investment Management LLC bought a new stake in American International Group during the first quarter valued at about $135,000. Clear Harbor Asset Management LLC acquired a new stake in shares of American International Group during the first quarter valued at $278,000. Finally, Kovitz Investment Group Partners LLC acquired a new stake in shares of American International Group during the first quarter valued at $9,184,000. Institutional investors own 86.11% of the company’s stock.
About American International Group
American International Group, Inc (AIG) is an insurance company. The Company provides a range of property casualty insurance, life insurance, retirement products, mortgage insurance and other financial services to customers in over 100 countries and jurisdictions. The Company operates through two segments: Commercial Insurance and Consumer Insurance, as well as a Corporate and Other category.
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